I looked at Downtown LA's office market for the latest issue of The Real Deal's magazine — “If you’re in trouble, you’re in big trouble. If you’re not, you’re trying not to be.” therealdeal.com/magazine/natio…

Multifamily lads: We too have seen the purported Tides/AMC letter. If you have more info/intel and would like to share, please reach out- DMs open. Thanks! 🧺 🍿

"Reading Brookfield’s financial statements is a journey into the multiverse. There are multiple versions of Brookfield staring back at you, and Brookfield gets to decide which one it wants to be at a given moment." My latest with Bella Farr therealdeal.com/magazine/natio…

For The Real Deal's latest cover: Suzannah Cavanaugh and I dug into one of the biggest lenders behind multifamily syndicators — groups that were aggressively buying apartments across the country using cheap debt and trying to jack up rents to flip the buildings. therealdeal.com/magazine/natio…

“I just did not understand how everybody was making the numbers work, because I was looking at the numbers and they just didn’t work for me." Here we go. Now we're getting into the snake oil bottling plants. Brad Sumrok. Maker of millionaires (600+). Mentor to Jay Gajavelli and

"A slow-moving train wreck." NEW: spoke to Daniel McNamara about all things related to CMBS distress for the latest episode of The Real Deal's Deconstruct. Listen here: podcasts.apple.com/us/podcast/the…

Some news! I'm now the West Coast Bureau Chief for The Real Deal. Still reporting, but also thinking about new ways to cover real estate (resi, commercial, development) in LA and SF. Super excited — and pls send tips, deals, etc to [email protected]

NEW: About a month after I reported Shangri-La Industries had defaulted on loans tied to seven Project Homekey motels, the state of California has filed a lawsuit against the developer alleging fraud. therealdeal.com/la/2024/01/08/…

Adam Neumann’s Flow is facing a lot of the same problems other syndicators/aggressive 2021 multifamily buyers are facing: struggling to make enough from the properties to meet soaring debt payments.

Neil Shekhter, the prominent Los Angeles landlord behind WS Communities, has lost about half of his portfolio to lenders. therealdeal.com/la/2024/01/18/…

Madison Realty (NY-based lender) took control of 20 sites — six development parcels and 14 apartment complexes — across LA County. Really the first huge MF distress event to hit LA

Payment company Cherry is sounding out investors for a bond that would be tied to “buy-now, pay-later” loans for cosmetic surgery and other aesthetic treatments trib.al/tD0Hzr0

BlackRock is overhauling its private credit business as the world’s largest asset manager races to catch up to competitors in the booming market trib.al/lJakLXo

🚀 SpaceX is discussing a tender offer (a sale of insider shares) that could boost the value of Elon Musk’s rocket & satellite company to around $350 billion, ~$95 billion above what was mulled last month. New w/ Katie Roof 👇 bloomberg.com/news/articles/…

The Weeknd is looking to raise more than $1 billion using his music catalog. And he’s not even shopping 100% of it! Scoop with Laura Benitez bloomberg.com/news/articles/…

In the wake of the sudden collapse of subprime auto lender Tricolor Holdings, creditors across the US are scrambling to stake their claim on the company’s remaining assets and contain their losses bloomberg.com/news/articles/…